Board Meeting Details

The Board of Directors meeting was held on Thursday, 28th May 2026, commencing at 04:00 p.m. and concluding at 5:00 p.m., where the financial results were approved.

Financial Results Overview (₹ in Lakhs)

Quarter Ended 31/03/2026 (Audited):

  • Revenue From Operations: ₹1,065.37
  • Other Income: ₹12.29
  • Total Income: ₹1,077.66
  • Total Expenses: ₹1,075.32
  • Profit Before Tax: ₹2.33
  • Total Tax Expenses: ₹-0.71 (Current tax: ₹1.08, Deferred tax: ₹-1.79)
  • Net Profit After Tax: ₹3.04
  • Total Comprehensive Income: ₹3.04
  • Basic EPS: ₹0.05
  • Diluted EPS: ₹0.05

Full Year Ended 31/03/2026 (Audited):

  • Revenue From Operations: ₹3,710.51
  • Other Income: ₹26.50
  • Total Income: ₹3,737.01
  • Total Expenses: ₹3,700.54
  • Profit Before Tax: ₹36.46
  • Total Tax Expenses: ₹9.30 (Current tax: ₹6.90, Deferred tax: ₹2.40)
  • Net Profit After Tax: ₹27.16
  • Total Comprehensive Income: ₹27.16
  • Basic EPS: ₹0.48
  • Diluted EPS: ₹0.48

Comparative Figures

Previous Year (31/03/2025 Audited):

  • Revenue From Operations: ₹4,642.78
  • Other Income: ₹18.00
  • Total Income: ₹4,660.78
  • Net Profit After Tax: ₹33.29
  • EPS: ₹0.58

Capital Structure

  • Paid Up Equity Share Capital: ₹570.71 lakhs (Face Value ₹10 per share)
  • Other Equity: ₹314.02 lakhs
  • Net Worth: ₹884.73 lakhs

Auditor's Report - Qualified Opinion

Sanjay Rawal and Co., Chartered Accountants issued a qualified opinion citing:

  • Non-provision for leave salary and gratuity of employees (amount unascertained)
  • These are being accounted for at the time of retirement, resignation or termination
  • This practice is not in compliance with Ind AS-19 Employee Benefit requirements

Emphasis of Matter

Auditors highlighted two additional notes:

1. Labour Codes Implementation: Government notified four Labour Codes on November 21, 2025 consolidating 29 labour laws. Management determined no material impact on FY26 financial statements.

2. Debtor Dispute: ₹133.46 lakhs withheld by a debtor regarding rate difference, shown as Trade Receivables. Company is negotiating and hopeful for recovery.

Additional Disclosures from Notes

  • No dividend recommended for the year
  • GSTR 1, GSTR 2B and GSTR 3B figures are under reconciliation with books of account
  • Delayed payments to MSME suppliers exceeding 45 days, compound interest payable (amount unascertained)
  • Inventories valued and certified by management
  • Single business segment: manufacturing and trading of loose leaf springs, iron and steel

Statement of Assets and Liabilities as at 31 March 2026 (₹ in Lakhs)

  • Total Assets: ₹2,438.41
  • Total Liabilities: ₹1,553.69
  • Net Worth: ₹884.73

Cash Flow Statement for Year Ended 31 March 2026 (₹ in Lakhs)

  • Net cash flow from operating activities: ₹-68.68
  • Net cash used in investing activities: ₹-34.26
  • Net cash used in financing activities: ₹20.89
  • Net decrease in cash and cash equivalents: ₹-82.05

Statement on Impact of Audit Qualifications

Management stated that audited figures remain unchanged after adjusting for qualifications:

  • Turnover/Total Income: ₹3,737.01 (unchanged)
  • Net Profit: ₹27.16 (unchanged)
  • EPS: ₹0.48 (unchanged)
  • Total Assets: ₹2,438.41 (unchanged)
  • Total Liabilities: ₹1,553.69 (unchanged)
  • Net Worth: ₹884.73 (unchanged)

Management is evaluating employee benefit liabilities and will make necessary provisions in subsequent financial year.